Unemployment Rate Drops Below 4 Percent for First Time Since 2000

[Not included in the 4% number are the 6 million or so Americans who have dropped out of the labor force since the last Recession, as alluded to near the end of the article. – Bob]

By Thomson/Reuters – Re-Blogged From Newsmax

U.S. job growth increased less than expected in April and the unemployment rate dropped to near a 17-1/2-year low of 3.9 percent as some jobless Americans left the labor force.

The Labor Department’s closely watched employment report on Friday also showed wages barely rising last month, which could ease concerns that inflation pressures were rapidly building up, likely keeping the Federal Reserve on a gradual path of monetary policy tightening. Continue reading

Advertisements